WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
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Schedule II—Valuation and Qualifying Accounts
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
For each of the three years ended December 31
| In millions | Balance atbeginningof period | Charged toexpense | Charged/ (credited) tootheraccounts (1) | Deductionsfromreserves (2) | Balanceat end ofperiod |
|---|---|---|---|---|---|
| Allowance for doubtful accounts | $28 | $8 | $— | $(5) | $31 |
| Valuation allowance-taxes | $46 | $12 | $— | $— | $58 |
| Allowance for doubtful accounts | $32 | $4 | $(1) | $(7) | $28 |
| Valuation allowance-taxes | $64 | $— | $— | $(18) | $46 |
| Allowance for doubtful accounts | $37 | $3 | $(1) | $(7) | $32 |
| Valuation allowance-taxes | $42 | $22 | $— | $— | $64 |
(1)Impact of fluctuations in foreign currency exchange rates.
(2)Deductions in Allowance for doubtful accounts are from amounts written off as uncollectible or proceeds from subsequent collections. Deductions for Valuation allowances-taxes were primarily from changes in expected deferred tax utilization.
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